FARM COMMODITIES-TREND ANALYSIS-DECEMBER 04/2017
MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO MOVES,TRENDS,TARGETS
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT

CORN (MAR/18): $0.25/BU, WORLD ENDING PROJECTED STOCKS UP 2.90/MMT            
TRENDS: PRICE: DOWN. MONTHLY. OPEN INTEREST: DOWN DAILY. PRICE RANGE: (325-405)           
TRADING: FLAT TESTED/CLOSED BELOW TREND RESISTANCE@361 OPEN INTEREST FLAT   
TARGETS: (343 (352-361) 369 379), NET COMMITMENTS: NEUTRAL MOMENTUM 
 
SOYBEANS (JAN/18): $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 1.85/MMT
TRENDS: PRICE: UP/MORE. OPEN INTEREST UP WEEKLY, PRICE RANGE (844-1196) YEARLY
TRADING: UP GAP TESTED/CLOSED BELOW BOTH TREND/1004. OPEN INTEREST DOWN
TARGETS: (960 975 (989-1004) 1018), NET COMMITMENTS: INCREASED MOMENTUM

WHEAT (MAR/18): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.8O/MMT          
TRENDS: PRICE: DOWN. OPEN INTEREST: UP WEEKLY. RANGE: (387-575) YEARLY            
TRADING: MOVE UP ABOVE TREND CLOSED DOWN BELOW 436 OPEN INTEREST FLAT     
TARGETS:  (416 426 (436-446), NET COMMITMENTS: INCREASED MOMENTUM 

DOLLAR CAD/USD: (DEC/17)  4.00 DAILY LIMIT                                
TRENDS: PRICE: DOWN/LESS. OPEN INTEREST: UP DAILY. PRICE RANGE: (6810-8295)
TRADING: UP UPSIDE TREND SELLING@/CLOSED BELOW 7883  OPEN INTEREST-UP 
TARGETS: (7749 7800 (7840-7883) 7931). NET COMMITMENTS: NEUTRAL MOMENTUM